Idea Lab: Technocrats – FinTech in 2020
As financial technology increases its foothold on corporate management of cash, supply chains and credit, we examine what benefits FinTech can offer corporates in the run up to 2020. The latest and greatest is pitted against the tried and tested across the evolution of letters of credit, digitisation of documents, distributed ledger, blockchain SCF solutions and data driven decision making. Tony Smith, CEO Americas, HPD Software Christophe Spoerry, Co-founder, Euler Hermes Digital Agency
Moderator: Igor Zax, Managing Director, Tenzor
The panel, The Corporate Assessment: Debate and Verdict, would include physical and financial supply chain experts who will offer their thoughts on the benefits and drawback of each solution, assess how various techniques can be combined to maximise supplier participation, provide perspectives on SCF best practices, and debate what is required to entrench supply chain financing as a universally accessible standard practice for the corporate sector. An audience
Q&A will finish the session.
The panel, that was the closing panel of the conference included Ingo Schröder from Jebsen & Jessen and Chris Hyde from Mitigram and was focused on a corporate view of both banks and fintechs offerings and the degree in which such offerings addressing “real” corporate needs
The article is published ahead of Alternative and Receivables Finance conference in London 11 May 2015 (organised by BCR Publishing), where Igor Zax will moderate a panel on Optimising product innovation and market differentiation in the receivables and alternatives space, that will include senior representatives from C2FO, Secured Trust Bank, Funding Options and Demica
Igor Zax, Managing Director of Tenzor Ltd., published an article, Receivable Finance: Distribution Finance at Trade and Forfeiting Review. The article is focused on changes in distribution finance landscape and the way new developments such as Supply Chain Finance, Dynamic Discounting, credit insurance products and overall changes in supply chain management can revolutionize this area.Published at TFR (www.tfreview.com)
Igor Zax, Managing Director of Tenzor Ltd., is going to moderate a panel at “Alternative and Receivables Finance” conference in London 11 May 2015, organized by BCR Publishing.
The panel topic is : Optimising product innovation and market differentiation in the receivables and alternatives space
The traditional products are not growing much if at all at the smaller end of the SME market – yet the need for new methods for releasing working capital is clear. One of great virtues of digital banking and the online platforms is that they enable companies to finance only those receivables they wish to finance, rather than having to discount their whole sales ledger
What is the value and driving forces for single invoice financing from customer standpoint?
How does the product fit comparing to other available solutions?
Investments in technology – which technologies, who provides them, what would they enable funders to achieve that cannot be offered easily today?
Platforms vs. individual alternative lenders – pros and cons?
Is there sufficient real-time information available to allow better credit underwriting to occur?
Does receivables finance need regulation to make it work better for customers, investors and other stakeholder?
The elephant in the room: what will be the regulatory response for significant losses to unsophisticated investors?
Moderator: Igor Zax, Managing Director, TENZOR LTD
David Parsons, Regional Director South and Midlands, SECURE TRUST BANK
Chris Dark, President International, C2FO
Conrad Ford, Managing Director, FUNDING OPTIONS
Sarah Gannon, Director Business Development, DEMICA
Editorial comment states “Igor Zax’s article in today’s trfnews, ‘Receivables Finance in the Context of Working Capital Management’, reminds us of the value of looking back at the history of modern supply chains and how working capital management, and hence factoring and supply chain finance, has developed from this. It also reflects on the potential frailty and dangers that over exposure to some supply chain structures can bring.
On late payments he says: “just a couple of weeks delay on 30 day terms increases working capital consumption by one-and-a-half times.” I wonder how many factors use such direct terms in their advertising material. If they do not, perhaps they should consider it, particularly as the trend is for larger companies to use receivables finance, and it is those companies in particular that tend respond well to the use of such analytic sound bites.”
Igor Zax, CFA, Managing Director of Tenzor ltd., is going to moderate a panel “Developing Value in an Invoice Financing Business: What Makes it Ripe for Investment?” at Receivables Finance 12th Annual Convention in Warsaw, Poland, 1-2 April 2014. He will be joined at the panel by Simon Featherstone, Global CEO of Bibby FInancial Services, Margrith Lutsch-Emmenegger President, Fimbank and Chairman, International Factors Group, and Richard Woodhouse.
Igor Zax is alos going to present at a panel “Understanding the Supply Chain Finance Ecosystem” at the same conference togheter with heads of Supply Chain Finance from HSBC, ING and RBS.